TechFlow news — HashKey Group ("HashKey" or the "Group"), a leading Asia-based end-to-end digital asset financial services group, today announced that its platform token HSK is planned to be listed in Q3 2024. Under the vision of "HSK for ALL," HSK will be utilized across all core application scenarios within the HashKey ecosystem and continuously expand collaborations with external communities to build a comprehensive Web3 value landscape. Prior to the official trading launch, HSK will initiate a community airdrop to reward ecosystem participants.
HSK is an ERC-20 standard token with a total supply of 1 billion. Of this, 65% is allocated for ecosystem development, 30% for the team, and 5% reserved as a reserve fund.
HSK will feature a token burn mechanism to prevent dilution of holders'权益 due to increased circulating supply from rewards. HashKey will allocate up to 20% of profits from specific businesses to repurchase HSK tokens, with a portion of these repurchased tokens to be permanently burned.
HashKey Group has established a comprehensive Web3 ecosystem spanning Infrastructure, Middleware, AI, DeFi, Metaverse, and more. As the official platform token of HashKey, HSK will be widely used for community incentives, exclusive token presale access, cross-platform ecosystem collaborations, transaction fee discounts, and business growth initiatives on HashKey Exchange*, Hong Kong’s largest licensed virtual asset exchange, and HashKey Global, its global flagship virtual asset exchange. Additionally, HSK will incentivize contributors to the L2 "ecosystem chain" HashKey Chain, providing strong support and momentum for users and assets on the HashKey Chain network.
The HSK community airdrop is expected to begin in late June via HashKey's core business platforms, encouraging user participation and co-construction.
